IaaS, PaaS, SaaS are not the only models that can be run in the Cloud
The Serverless Model
There are still servers...
You just don't ever have to deal with them
Even less access to the servers than PaaS
PaaS Notes:
Even with PaaS, you have to choose an App Service Plan
Within PaaS, scaling is your responsibilit
Serverless means not worrying about choosing the right planServerless means bit worrying about scalingServerless means you might pay $0 if you don't use the service (since you are paying for execution)